With T7 Release 10.0, Deutsche Börse launches its new multi-currency trading offering for ETFs and ETPs. The new service introduces the possibility to trade the same ISIN in multiple trading currencies as dedicated individual instruments on Xetra. Each currency line can be identified by its own short code (mnemonic) under the same ISIN. Initially, multi-currency trading is available for USD currency lines, with an expansion to other currencies scheduled for the first half of 2022.

The new offering enables ETF and ETP issuers to add additional currency lines to the primary currency line of an ETF or ETP in a lean and cost-effective process without having to create and list a separate fund share class with a separate ISIN code.

Investors on the other hand benefit from an extended ETF and ETP offering in the trading currency of their choice, and the possibility to trade instruments in the base currency of the underlying market.

With the introduction of this new service, Xetra® builds on its leading position as Europe’s largest liquidity pool for ETF order book trading. The extension to new currency lines will bring more choice to issuers and investors on top of Xetra’s unparalleled offering of listed ETFs and ETPs in Europe.

Key benefits:

• Elimination of FX risk by trading in the base currency of ETFs and ETPs
• Flexible selection of the trading currency for each single transaction
• Choice among multiple trading currencies without additional costs
• Central clearing of each trading currency line
• Introduction of additional trading currency lines at no further cost

Multi-currency offering: